ChainCatcher message, Solana co-founder Toly (Anatoly Yakovenko) posted on X: "I estimate that about $250 billion worth of crypto startups have left the San Francisco Bay Area because California representatives failed to curb Warren's overreach. Anywhere else in the world would do whatever it takes to keep these startups there."

ChainCatcher news, OKX Web3 Wallet collaborates with Space Nation to launch the first Gamesphere reward mission. Users who complete designated tasks in the game can receive a reward of $88, aimed at helping players better explore the Space Nation Online game.Previously, OKX and Space Nation jointly launched the OKX x Space Nation NFT player market, and this OKX Gamesphere reward mission is another significant collaboration between the two parties.

ChainCatcher news, according to Bitcoin.com, the Federation Council of the Russian Parliament approved a government-initiated bill on Wednesday that outlines the tax framework for digital currencies. This legislation was passed in a plenary session after being approved by the lower house, the State Duma, the day before.The new law classifies digital currencies (including currencies used as payment tools under an experimental legal regime) as property under Russian domestic tax law. This classification exempts value-added tax (VAT) on digital currency mining and sales transactions, easing the financial obligations of industry participants. Additionally, services provided by authorized organizations that facilitate transactions within these experimental regimes will also be tax-exempt.An important provision requires operators of mining infrastructure to report personal data of individuals using their systems to tax authorities. Income from digital currency mining will be considered taxable income, forming the basis for personal income tax. Danil Volkov, head of the Russian Ministry of Finance department, stated that businesses engaged in mining activities must pay taxes at the standard corporate income tax rate.

ChainCatcher message, Base announces support for the cross-chain intent messaging standard ERC-7683, which will allow users to perform cross-chain operations (such as token swaps or transfers) and unify Ethereum's liquidity.

ChainCatcher news, according to Coindesk, the European Parliament approved the list of commissioners on Wednesday, which includes those responsible for overseeing digital asset regulation. Commissioners Stéphane Séjourné, Maria Luís Albuquerque, and Henna Virkkunen may bring cryptocurrencies under their jurisdiction.In September, European Parliament President Ursula Von der Leyen proposed a list of commissioners. Although cryptocurrencies are not the core topic of these positions, the committee will be responsible for ensuring the implementation of digital asset rules.Additionally, the EU's crypto assets market legislation MiCA will come into full effect at the end of December, so more work may be needed to ensure implementation.

ChainCatcher news, according to an investigation by ZachXBT, hacker Serpent initiated a meme coin scam by controlling 9 accounts, including McDonald's and Kabosu, on X platform and Instagram, stealing approximately $3.5 million, and using part of the funds for online casino gambling.Serpent was a professional Fortnite player in Australia and was released by the esports organization Overtime in 2020 for alleged cheating. In March 2022, he co-founded the NFT project DAPE, but the project later experienced a rug pull. In March 2024, Serpent launched another project called ERROR, which also experienced a rug pull, leading to his ban from the X platform.Previous news, ZachXBT stated that attacks on social media accounts of McDonald's and the owner of Kabosu over the past few months have resulted in losses exceeding $3.5 million.

ChainCatcher news, the Russian Ministry of Industry has called for a postponement of the launch of digital ruble payments, emphasizing insufficient infrastructure readiness. The ministry expressed concerns about the challenges businesses may face in meeting the 2025 deadline, which requires large retailers to accept central bank digital currency (CBDC) payments. The ministry believes that a hasty transition due to inadequate preparation could harm business operations.The draft law requires large retailers to adopt digital ruble payments by July 2025, while the deadline for small businesses will be later, depending on their annual revenue.The Ministry suggested postponing this by two years to allow businesses enough time to complete operational guidelines, update software, and train employees.

ChainCatcher news, according to CoinDesk, analyst Van Straten cited Glassnode data showing that in the past two days, short-term holders who have held their coins for less than 155 days transferred approximately 83,000 bitcoins to centralized exchanges at a loss, worth about $7.8 billion, setting a new historical high.Van Straten pointed out that when short-term holders transfer more than $2 billion worth of bitcoins to exchanges at a loss, it usually indicates the formation of a local bottom. The data shows that currently about 678,000 bitcoins are in a state of loss. The current price of bitcoin is only down 7% from its historical high, with only investors who bought in the past week being in a state of loss.

ChainCatcher message, according to the announcement from Hyper Foundation, users who start using Hyperliquid L1 recently and those who missed it earlier need to review and accept the Genesis Event terms and conditions before 23:59 UTC on November 28. Failure to complete this on time may affect eligibility to participate in the event, so relevant users should take action promptly.

ChainCatcher news, according to Decrypt, reports from a BBC investigative journalist focused on Kremlin affairs that the missing "Crypto Queen" Ruja Ignatova may be hiding in Russia to evade criminal charges. Yoran Tsalov, who also works for Bellingcat, revealed to the media that Ignatova "has connections with multiple individuals and interest groups within the Kremlin."Tsalov claims that these connections were confirmed during an interview with Ignatova's former security advisor Frank Schneider, which was part of the BBC's "The Missing Crypto Queen" investigation and podcast series. Schneider, a former spy in Switzerland, later founded a private investigation company and was employed by OneCoin. He was placed under house arrest in France due to his association with the operation and subsequently went on the run in 2023. Additionally, Tsalov claims that the ongoing BBC investigation confirms that some companies laundering money through OneCoin are linked to former pro-Russian Ukrainian President Viktor Yanukovich, who is currently living in exile in Russia.OneCoin reportedly launched in 2014, with Ignatova defrauding investors worldwide through a $4 billion Ponzi scheme until the scheme collapsed in 2017, at which point she disappeared. She was last seen in 2017, boarding a flight from Bulgaria to Athens, Greece, and has been placed on the FBI's Ten Most Wanted Fugitives list.

ChainCatcher news, FOX reporter Eleanor Terrett cited sources reporting that among the senior members of Trump's transition team, former SEC commissioner Paul Atkins remains the most likely candidate to lead the SEC. Paul Atkins is not only well-versed in cryptocurrency but also has an in-depth understanding of the agency's internal workings as a former commissioner and a staff member for former SEC chairs Richard C. Breeden and Arthur Levitt.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media that, according to two sources close to the discussions at Mar-a-Lago, former SEC commissioner Paul Atkins remains the most likely candidate to lead the SEC among senior members of Trump's transition team.

ChainCatcher news, the chairman of the Korea Exchange, Jung Eun-pyo, stated on the 26th, "Given the harsh reality that cryptocurrency-related assets are surpassing the trading volume of traditional stock markets, it is time to initiate a social discussion on the introduction of cryptocurrency ETFs."On the same day, Jung Eun-pyo attended the "2024 Seoul Future Forum" hosted by Money Today Broadcasting (MTN) at the Banyan Tree Seoul as a special lecturer and mentioned, "At the recent Global Exchange Federation conference, the biggest topic was the issue of cryptocurrencies."Jung Eun-pyo then emphasized, "Currently, in the United States and Europe, cryptocurrency ETFs have been listed and traded on traditional exchanges, but we are not yet in a position to discuss the introduction of such ETFs."

ChainCatcher news, according to Yonhap News Agency, the Strategic and Financial Committee of the South Korean National Assembly has canceled the scheduled plenary meeting. The main reason is that the ruling People Power Party advocates postponing the taxation of cryptocurrency for two years, while the opposition Democratic Party of Korea supports implementing it as originally planned.According to the plan, South Korea will impose a 22% tax rate on cryptocurrency trading gains exceeding 2.5 million won. The Democratic Party of Korea proposed raising the tax exemption threshold from 2.5 million won to 50 million won, while the People Power Party believes that the current tax infrastructure is not yet完善, and that opportunities for asset appreciation should be provided for young people.The cancellation of this meeting also affects the previously agreed proposal for the abolition of the financial investment income tax by the two parties. According to regulations, if the relevant bill is not passed by the Standing Committee before November 30, but is related to the budget proposal, it can still be submitted for consideration at this meeting.

ChainCatcher news, according to News.bitcoin, South Korea's largest cryptocurrency exchange Upbit has seen a trading volume increase of over 100% in the past seven days, rising from $5.4 million on November 21 to $11.9 million on November 25. Notably, the trading volumes of DOGE and XRP in the fourth quarter reached $58.2 billion and $38.6 billion, respectively, far exceeding Bitcoin's $30.1 billion.Tiger Research's fourth quarter report shows that approximately 7.78 million South Koreans (15% of the total population) are active in cryptocurrency trading. According to a Samarin HR survey, 49.8% of South Korean employees aged 30-39 invest in cryptocurrencies, while the investment ratio for employees in their 20s is 37.1%.

ChainCatcher news, recently several large international virtual asset trading platforms have withdrawn their license applications in Hong Kong. Gu Ronghui, co-founder of CertiK and a member of the Web 3.0 Development Task Force, stated that the Hong Kong government should first regulate the existing stakeholders in the large virtual currency industry and encourage them to move towards compliance, which would have a more meaningful impact on the industry.Regarding the intention of Circle, the world's second-largest stablecoin issuer, to develop in Hong Kong, CertiK can assist in verifying the reserves of the stablecoin issuer Circle in other locations.

ChainCatcher news, Dr. Ye Zhi Heng, Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, stated that virtual assets have now become a top agenda for every financial regulatory authority.Hong Kong currently has three licensed virtual asset trading platforms, and is processing applications from an additional 15 platforms. Investors can expect more licensed platforms to comply with the SFC's robust investor protection measures.

ChainCatcher news, the chairman of the Financial Services Commission of Korea, Kim Byung-hwan, recently stated: "The prices of virtual assets have surged significantly in the short term, and the volatility of the market itself is also very high, so the government needs to closely monitor and focus on whether there are any abnormal transactions in virtual assets." The Financial Supervisory Service plans to check the operational status of the abnormal transaction monitoring system for virtual asset exchanges in the near future.Regarding the fact that the trading volume of the virtual asset market has exceeded that of the stock market, he stated: "If we look at the two markets, funds should flow into the stock market."He added: "We all recognize that the stock market is very important for the healthy cycle of our economy, but due to doubts about the positive impact of virtual assets on the real economy, it is necessary to study the situation where their trading volume remains high."